Many investors believe that the market follows the FED’s monetary leadership. This sounds right because the FED is the 500 pound gorilla in the market right? It has Trillions of dollars at its disposal and isn’t afraid to use it. But is this actually the case?
Believe Your Own Eyes: Central Banks FOLLOW the Market
By Elliott Wave International
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This article was syndicated by Elliott Wave International and was originally published under the headline Believe Your Own Eyes: Central Banks FOLLOW the Market. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
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